According to release published by Vietnam's General Department of Taxation on 16 August 2016, the Ministry of Finance has submitted a formal proposal for a reduction in the corporate tax rate for SMEs. As proposed, the corporate tax rate will be reduced from 20% to 17% effective 1 January 2017 and apply for four years. Although a separate law on supporting SMEs is being drafted that would define SMEs as business with revenue less than VND 100 million,  the proposed reduced rate would only be available for SMEs with annual revenue less than VND 20 billion.   Click the following link for...